Junior Buyer (Retail/Grocery)

Irkaz Holdings; Selangor; On-site; MYR 40,000 - 60,000; Full time

Job summary

A leading retail company in Malaysia is seeking a Buyer to source and purchase goods for its operations. The role involves negotiating with suppliers, managing inventory, and ensuring timely product deliveries while adhering to budgets. Candidates should have a degree in Business or related fields and a minimum of one year in procurement. Proficiency in Microsoft Office and knowledge of retail operations are essential. This position offers opportunities to optimize purchasing strategies and build supplier relationships.

Qualifications

• Minimum 1 year of experience in a similar procurement or administrative role.
• Knowledge of retail operations and customer service principles.
• Ability to work under pressure and adapt to changing priorities.

Responsibilities

• Source and purchase goods for retail operations.
• Negotiate contracts and manage supplier relationships.
• Monitor inventory levels and sales data for purchasing strategies.
• Prepare purchase orders and ensure timely delivery of products.
• Analyze cost of ownership and implement cost-saving measures.

Skills

Microsoft Office proficiency

Negotiation skills

Inventory management

Adaptability

Education

Degree in Business, Procurement, Supply Chain or equivalent

Tools

Purchasing systems

Job description

As the Buyer, you will be responsible for sourcing, selecting, and purchasing an assortment of goods for the Company’s retail operations. You will need to take several factors into account when making purchasing decisions, such as availability, quality, pricing, and customer demand, as well as limiting factors including financial budgets, store policies, and market trends. You will be required to source for new products while ensuring the inventory stocks remain competitive in the market. You may optimize the revenue and offer competitively priced range of products at profitable price by thoroughly comprehending the demands of the customers. This includes negotiating with suppliers, managing inventory, and ensuring the timely delivery of high-quality products.

Identify and source new products and conduct market research to stay updated on industry trends and competitor products.

Evaluate suppliers based on price, quality, delivery speed and fulfilment.

Develop and maintain strong relationships with suppliers. Monitor supplier performance and resolve any issues related to quality or delivery.

Negotiate contracts, pricing, and terms with suppliers to secure the best deals.

Manage inventory levels to ensure adequate stock without overstocking, forecast demand. Review and analyze sales data to adjust purchasing strategies as needed. Anticipate supply problems and plan accordingly.

Prepare and process purchase orders, and ensure accuracy of order details, including quantities, delivery dates, and specifications. Coordinate with suppliers and logistics to ensure timely delivery of goods.

Monitor purchasing budgets, prepare reports on purchasing activities, costs, and budget variances, and implement cost-saving measures. Analyze total cost of ownership, suggest cost reduction strategies, and source for new suppliers.

Ensure products meet quality standards and conduct regular inspections and audits

Provide input on promotional and merchandising plans based on product availability and trends and participate in cross-functional meetings to align purchasing with business goals.

Managing any ad-hoc tasks and projects as and when required.

Requirements

• Degree in Business, Procurement, Supply Chain, or equivalent in a related field preferred.
• Minimum 1 year of experience in a similar procurement or administrative role.
• Proficiency in Microsoft Office and experience with purchasing systems.
• Knowledge of retail operations, inventory management, and customer service principles.
• Ability to work under pressure and adapt to changing priorities.